This module group provides comprehensive functions for processing contract management and accounting for the available types of business, such as retail finance for credit and leasing, and wholesale finance. The fully automated processes ensure that standardised, recurring operations related to contract management and contract accounting are ideally done without manual intervention.
This module group is used to perform business transactions required for managing a contract – contract opening, editing and termination. In the area of retail finance, an end-to-end dunning process complements the scope of the functionality.
Contract Accounting provides customised unified chart of accounts and accounting functionalities for automated posting of all contract-related income and expenses, revenues and expenditures, as well as deposits and withdrawals. Functions for automated processing of incoming and outgoing payment transactions and for receivables management round off the service portfolio.
External systems for accounting, reporting and payment transactions are integrated via standardised interfaces. All necessary information relating to contract accounting is transferred to financial accounting and cost accounting to the general bookkeeping department, and upon request to group accounting. For the area of leasing, asset accounting is provided or integrated.